Industry Week in Review – April 21, 2017

While Congress is attempting to pass an appropriations budget before the April 28 deadline, the U.S. Air Force is considering alternative options to secure funding for its mission-critical nuclear programs. If the continuing resolution (“CR”) is extended in lieu of new spending bills, many U.S. Air Force programs, including the new B-21 Raider and next generation Intercontinental Ballistic Missiles (“ICBMs”), could receive major funding cuts.

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Industry Week in Review – April 14, 2017

On Wednesday, President Trump held a joint press conference with North Atlantic Treaty Organization (“NATO”) Secretary General Jens Stoltenberg at the White House. In his remarks, Trump stated that he no longer thinks NATO is “obsolete.”

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Industry Week in Review – April 7, 2017

On Thursday, April 6th, President Trump ordered a retaliation Tomahawk cruise missile strike against a Syrian Government controlled airfield that is suspected to be responsible for a chemical weapons attack against innocent civilians in Syria earlier this week. The U.S. retaliation marks the first instance of direct military action against the Assad regime in Syria, adding further strain to already tense relationships in the region, both with Syria and its allies, including Russia.

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Industry Week in Review – March 31, 2017

Lockheed Martin is expected to receive approval from the Pentagon for the production of 200 CH-53K King Stallion helicopters for ~$29 billion. This new helicopter has the ability to transport three times as much cargo as its predecessor, the Super Stallion.

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Industry Week in Review – March 24, 2017

After recent intelligence that the Islamic State is developing a bomb to hide in portable electronics, the U.S. and Britain banned the carrying of electronics larger than a cell phone aboard flights directly from certain Muslim-majority countries in the Middle East and Africa. Anonymous U.S. officials stated that the explosives of concern are designed to be concealed in laptop batteries.

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Industry Week in Review – March 17, 2017

On Thursday, President Donald Trump announced a $1.1 trillion budget proposal for GFY2018 which includes $639 billion for the Department of Defense (“DoD”). The budget request consists of $574 billion for DoD base budget programs and $65 billion for Overseas Contingency Operations (“OCO”).s (“OCO”).

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Industry Week in Review – March 10, 2017

To end the current continuing resolution (“CR”), which has put new-start defense procurements on hold, the United States House of Representatives voted 371-48 to pass a $578 billion defense bill for GFY2017. The spending bill includes $516.1 billion in the base budget and $61.8 billion in overseas contingency operations (“OCO”).

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Industry Week in Review – March 3, 2017

According to a White House official, President Trump’s upcoming budget proposal for GFY2018 will increase the defense budget by $54 billion to $603 billion, a ~10% increase over the spending levels set in the Budget Control Act. This proposed amount is a relatively modest ~$18 billion more than the amount former President Obama had proposed in his final budget.

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    Robert D. Kipps

    Mr. Kipps has over 20 years of experience in providing transaction advisory....

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    Kevin P. DeSanto

    Mr. DeSanto has a broad base of experience in providing transaction advis...

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    Michael J. Misantone

    Mr. Misantone has a broad base of advisory experience in the aerospace, defense, and...

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    Karl M. Schmidt

    Mr. Schmidt is a Managing Director at KippsDeSanto & Co., with vast exp...

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    Marc B. Marlin

    Mr. Marlin has a broad base of experience in providing transaction advisory services...

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    Jon Yim

    Mr. Yim is a Director at KippsDeSanto & Co., with a broad base of experience...

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    George “Toby” F. Albright, III

    Mr. Albright is a Director at KippsDeSanto & Co., with a broad base...

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    Robert G. Dowling

    Mr. Dowling has a broad base of experience in providing transaction advisory...

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